Been meaning to reply to @chips-a-hoai about this as well. I haven’t had a chance to set up a fresh parallels instance yet to refresh my memory, but here’s the gist:
I followed this guide for installing a new SQL server instance which I left under the default name of SQLEXPRESS.
During the install, you may need to do some repair/install steps to download the correct packages for Windows 11 ARM. I think the original Venus install skips these checks which causes the initial issue. Once the new SQL server is set up, go to your system configuration editor and update the vector database connection setting with the credentials for the SQL server you just set up.
I believe that was all I had to to do, let me know if you run into issues and I can try to help troubleshoot!